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12-Unit Brick Apartment Building
For Sale
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7301 DIXON ST, Forest Park, IL

Brick apartment property with on-site parking and predominantly outdated or month-to-month leases.

Property SizeContact for details
Days on Market14

Property Features for 7301 DIXON ST

General Information

Standard status Active
Total Parking Spaces 16
Property subtype Multifamily

Units

Unit Mix 12 x 1BR/1BA
Multifamily Units 12

Building Details

Buildings 1
Construction brick
Listing Agency: Mo2 Properties
Listed By: Giancarlo Iannotta · License #IL 475.195344
Source: Crexi
Added: Sep 11 Changed: Sep 24 Last Checked: Sep 24 at 10:12AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mo2 Properties

Investment Insights

Based on property information with market context.

Located at 7301 Dixon St in Forest Park, this solid brick apartment building contains 12 one-bedroom, one-bath units and 16 dedicated parking spaces. The compact unit configuration provides a consistent physical layout across the property, while nearly all apartments are under outdated or month-to-month leases.

Eight of the 12 units are owned by the same group, and two additional owners have expressed interest in a deconversion sale. The existing lease profile and concentrated ownership structure are notable components of the property’s current operating and acquisition picture.

Key Highlights

  • 12‑unit brick apartment building at 7301 Dixon St, Forest Park, IL
  • 12 one‑bedroom, one‑bath apartments
  • 16 dedicated parking spaces

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop Building Supply Big Box & Wholesale Store Storage Facility Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Residential units

Location Intelligence

Trade Area within ½ mile

1,333
Businesses Nearby
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Brick apartment property with on-site parking and predominantly outdated or month-to-month leases.
Where is this apartment building located?
The property is located at 7301 DIXON ST Forest Park, IL.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: 12‑unit brick apartment building at 7301 Dixon St, Forest Park, IL; 12 one‑bedroom, one‑bath apartments; 16 dedicated parking spaces
(773) 661-2772 Call to check price and availability
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